SIT : SPECIAL INVESTIGATION TEAM



         SIT: Special Investigation Team
                                         AACHAL BURANDE

              SIT is Special Investigation Team, appointed by the Supreme Court of India on July4, 2011. It is headed by retired Supreme Court Judge Justice M B Shah and Justice Arijit Pasayat.
In February 2011, NDA alleged that Congress president Sonia Gandhi and Rahul Gandhi have money in foreign accounts. In November 2011, Narendra Modi, then Gujarat Chief Minister promised to bring back all the black money stashed abroad and also called for a law on the same.
Black Money is fund earned though black market, on which income and other taxes have not been paid. In India the black money has been stashed in the bank accounts in foreign countries. Rs 25,420 croreis reported to be the total balance in HSBC bank.
             The Supreme Court gave an order to reveal the names of the Indian people who have bank accounts in foreign countries. About 1,195 names of Indian have been revealed till date, who have accounts in the HSBC  Bank.

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